Bitcoin (BTC)

Bitcoin could potentially reach a “mid-term” price level above $1 million thanks to a series of hyper-bullish developments around the asset, according to crypto investment firm Mechanism Capital. The company’s co-founder, Andrew Kang, wrote to Twitter on Friday explaining why he thinks Bitcoin is performing “stronger than expected” despite several “poor market structure dynamics” that affected it earlier this month. How Fast Can Bitcoin Reach $1 Million? According to Kang,...

As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days. It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin. Bitcoin Soars 11% in Impressive Recovery Despite not being the top performer, Bitcoin surely made waves in the past seven...

Bitcoin’s recovery is going well, and the market is seemingly on the verge of creating a new all-time high in the short term. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Bitcoin’s price has been rallying since it rose above the 200-day moving average. The market has also reclaimed the $60K and $65K levels and is moving toward the $68K resistance zone, which could be the last obstacle before creating a new all-time high. With the RSI also...

The overall crypto market has experienced significant volatility in the last year, with major ups and downs affecting investor confidence. A crypto guru, known for accurately predicting Bitcoin (BTC)’s recent recovery, is now shifting his focus to a new AI-driven cryptocurrency Algotech (ALGT).  He believes this innovative digital asset has the potential to challenge Cardano (ADA), one of the major players in the market.  In this article, we will discuss the potential of this emerging...

South Korean exchanges saw XRP trading activity soar, even overtaking the largest cryptocurrency, BTC. The spectacle occurred as the US SEC (Securities and Exchange Commission) is expected to offer a resolution soon on the case it has going on against Ripple. XRP’s price rose by 20% during the same period its trade volume registered 40% of the total volume on Upbit, South Korea’s biggest crypto exchange. Bithumb and Korbit observed XRP registering 35% of their volumes. The occurrence...

Since last weekend, the price of bitcoin (BTC) has rallied significantly, signaling that the crypto asset may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders realized their largest losses so far in 2024. CryptoQuant analysts said on-chain metrics suggest positive momentum in the near term; however, it may not be sustainable as stablecoin liquidity and Bitcoin demand have...

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The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above $67K, while many altcoins are charting impressive returns. Bitcoin Pokes Above $67K Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined to $63K earlier in yesterday’s morning trading session. It was able to chart a local daily high at $67,400 on...

The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale. In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to a new price peak before the end of the year. The US Presidential Elections The result of the voting (scheduled for November this year) could trigger enhanced...

TL;DR Ripple’s XRP has surged above $0.60, with a market cap of over $34 billion, making it the sixth-largest cryptocurrency. Future growth depends on several elements, one of which is the eventual outcome of the lawsuit against the US SEC. The Necessary Conditions Ripple’s XRP has been among the top-performing cryptocurrencies lately, with its price jumping above the $0.60 mark for the first time in more than three months. Its market capitalization exceeded $34 billion,...